Spice Seller McCormick Scraps Map to Purchase Premier Foods

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Source:   —  April 13, 2016, at 5:21 PM

Latest month, Premier rejected McCormick'south most recent proposal to purchase the company for about $764 million. McCormick is best known for its spices with shining ruddy labels.

Spice and herb seller McCormick is scrapping its map to purchase British food maker Premier Foods, after takeover talks between the two companies failed.

Latest month, Premier rejected McCormick'south most recent proposal to purchase the company for about $764 million.

McCormick is best known for its spices with shining ruddy labels. The Sparks, Maryland, company also sells Zatarain'south rice mixes and Stubb'south barbecue sauce.

Premier'south brands in the U. K. comprise OXO stock cubes and Mr. Kipling packaged cakes.

McCormick & Co. shares fell $1.61, or 1.6 percent, to $97.25 in morning trading Wednesday. Shares of Premier Foods PLC dropped more than twenty-four % on the London Stock Exchange.

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